若有一天,香港失去了《蘋果日報》,希望大家也不要失散。
Apple Daily 英文專欄:
After the media, landlords will be the next target
https://hk.appledaily.com/opinion/20210517/BIW343AKIRHSTGFFTVT4Q26I7I/
This is a game of boiling frogs. Protesters and politicians are the first group of people to be snatched. The message is that “only a small number of people” are targeted. The aim is to create a deterrence effect. I won’t go into detail here as there are only so many column inches. Meanwhile, some outspoken media outlets are being sorted out. For example, leading journalists of the mainstream outlet Cable TV (1097.HK) have resigned en masse not long ago, and Bao Choy, a producer of RTHK’s “Hong Kong Connection”, was prosecuted last month.
In the latest incident, the government has frozen Jimmy Lai’s assets, including 71.26 percent of his shares in Apple Daily’s parent company Next Digital (0282.HK), of which he is the major shareholder, as well as his holdings in three other private companies held in local banks.
After sorting out members of the opposition and media outlets that monitor the government, the focus of the game will be shifted to landlords, in similar vein as the Land Reform launched by Mao Zedong in the 1950s that saw the confiscation of landlords’ land.
Having collected in April a plot of land in Kam Sheung Road from CK Asset (1113.HK) and Henderson Land (0012.HK), citing the Land Resumption Ordinance, the government brandished its sword to Sun Hung Kai Properties (0016.HK) and New World Development (0017.HK), seizing from them plots of land in Yuen Long and Fanling this month, on grounds that it needs to build subsidized housing. So Hong Kong’s four biggest property developers have all got their fair share of being targeted, and Yuen Long rural leaders who gained notoriety in 2019 are not spared either.
Offering rewards based on merits is not an approach the current regime adopts. Following the 1967 riots, the British colonial government rewarded rural villages for showing it support during the riots by launching the Small Housing Policy (also known as the “Ding House Policy”) that took effect in December 1972. But rural leaders today will not see a replay of that. In 2019, they went to great lengths to help the authorities. Alas, some ding house landlords have recently been arrested by the Independent Commission Against Corruption, and some other rural villagers have had their ancestral houses seized by the government on grounds of the Land Resumption Ordinance.
Today, the ordinance can be used to target anyone, and no one can figure out the government’s land seizure strategy. The plots collected by the government are not those that have long remained undeveloped but those with clearly laid out development plans. Apparently, what the government is doing has no logic. On the face of it, it occupies the moral high ground, when in fact it may just want to demonstrate its authority.
On the internal side of things, the Hong Kong government and its disciplinary forces are on life support as they have been deprived of their real power. Externally, politicians, the media, businessmen and the rural elite are being targeted. Who will be the next target? Taking reference from the history of certain political party, one may note that there are not only licensed thugs but also unlicensed ones who are active in the underground economy. Who will call the shot after midnight in Hong Kong tomorrow? What do you think?
In the movie “Men Suddenly in Black”, Ninth Uncle and his buddies secretly went to a nightclub, only to be busted by their wives. To help his brothers flee, Ninth Uncle sacrificed himself. In today’s Hong Kong, who is Ninth Uncle? While you guys are having fun, have you ever spared a thought for Ninth Uncle? Or will you be the next Ninth Uncle?
同時也有1部Youtube影片,追蹤數超過885萬的網紅Michelle Phan,也在其Youtube影片中提到,Excited for prom?! Here are 2 looks Promise and I created for you girls to try out! Have fun with them. Both looks we created go well with dark and li...
go group holdings 在 ลงทุนแมน Facebook 的最佳貼文
กรณีศึกษา TQM นายหน้าประกัน ที่มีมูลค่า 4 หมื่นล้านบาท /โดย ลงทุนแมน
หลายคนอาจจะยังไม่คุ้นชื่อของบริษัท TQM
แต่รู้ไหมว่า TQM เป็นบริษัทที่มีมูลค่ามากสุดใน อุตสาหกรรมประกัน ที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย
หากเรามาดูมูลค่าบริษัทในอุตสาหกรรมประกัน 5 อันดับแรก ในตลาดหลักทรัพย์
...Continue ReadingTQM case study. Insurance agent worth 4 billion baht / by investing manly.
Many people may not be familiar with the name of TQM company
But did you know that TQM is the most valuable company in the insurance industry listed in the Stock Exchange of Thailand?
If we come to see the value of the top 5 insurance companies in the stock exchange.
TQM Corporation (TQM) 4.35 billion baht.
Bangkok Insurance (BKI) 3.01 billion baht.
Bangkok life insurance (BLA) 2.68 billion baht.
Thai Holdings group (SEG) 1.89 billion Baht.
Insurance tip (TIP) 1.35 billion baht.
The more interesting story is TQM is not a life insurance company or safety insurance.
But TQM is an insurance agent who sells insurance from other companies again.
Why is the broker bigger than the insurance company?
Invest man will tell you about it.
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TQM just registered to the stock exchange for 2 years. Scrap.
But actually TQM was founded since Prof. 2496 or 67 years ago
By TQM starting a business. Protective Agent.
For TQM business model is
Intermediary has an advisor for insurance or life insurance.
via telephone and online
The company has a service to cover from home transfer.
Stay alert and sign up before expire to customers
According to the 2562 Annual Report, TQM will have a proportion of premium sales. The premium is divided into.
Car insurance 10,163 million baht
Accident and health insurance. 1,429 million baht.
Life insurance 766 million baht
Misc insurance 377 million baht
Marine insurance and transportation 47 million baht.
And the danger is 13 million baht.
Total amount is worth 12,795 million baht which you can think.
15 % growth compared to the same period of last year.
Now, being a car insurance agent is the main income of TQM
However, the sales insurance premiums are not considered direct income of the company.
Because TQM is a realtor
Therefore, TQM will recognize income as commissions from premiums.
Which will be different according to the type of insurance. For example.
Car insurance group. Force sector. The school. B. B At a rate of no more than 12 % and voluntary sector at a rate of less than 18 %
Life insurance group at a rate of less than 40 % in the first year and will decrease in the next year.
Now let's see an overview of the last TQM performance.
Year 2560 Income 2,281.7 million baht. Profit of 268.3 million baht.
Year 2561 Income 2,525.0 million baht. Profit of 404.3 million baht.
Year 2562 Income 2,783.8 million baht. Profit of 507.2 million baht.
Income grows on average 10.5 %
Profit grows on average 37.5 %
By company's income comes from
Realtor business and insurance services 94.6 %
Realtor business and life insurance services 2.8 %
And other income 2.6 %
This type of business is actually a highly competitive business.
Because customers have options from walking into their own insurance company.
Or go to a realtor service for both individuals and other organizations.
Something to block the competition gap in this business.
It's an effective service that will keep customers with us. We don't run away.
From the numbers of past results, TQM seems to be doing well.
TQM company quarter 1 2563
Income 814.1 million baht. Grow 23.8 %
Profit of 179.3 million baht. Grow 68.3 %
The main cause of growth in the 1 quarter of 2563 is TQM. Ready for business. For online sales channels that companies expect to be important factors that affect business.
The emergence of COVID-19 has made TQM to use online channels which have been prepared to be a way to sell insurance. If it ends with COVID-19 quickly.
From such growth.
TQM becomes one of the companies that investors on the stock exchange are paying attention to.
Until company shares have increased by 112 % since the beginning of the year.
Recently, there is a company worth up to 4 billion baht.
With this level of value, TQM becomes the most valuable company in the insurance industry listed on the Stock Exchange of Thailand.
Many people probably didn't realize that insurance agent companies could be bigger than insurance companies.
But don't forget that now the company's P / E has risen to 70 times higher and is considered a high level of investment. If companies expect high growth, there is a risk that can't be expected. Prices will fall as well.
Ending with interesting information
Did you know that insurance agent will have an advantage of straight insurance companies that don't have to take insurance risks and instantly recognize accounting income?
When the insurance agent sells insurance, the agent will know the commission income immediately.
But for the insurance company, the company will gradually be aware of it. Break the draw that the policy protects.
For example, COVID-19 insurance
When TQM sells COVID-19 insurance from AAA insurance company with 1 year coverage period.
TQM will know the commission fee as income immediately and no risk required.
But for insurance companies that provide COVID-19 coverage.
Unless insurance companies take risks to pay their customers a cash payment.
Until the insurance company recognizes the premium as income, it's all going to have to wait for a whole year..
NOTE: This article does not intend to buy or sell. These shares are risky. Please study the full information before making every investment decision.
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Follow to invest manly at
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References
- TQM's Annual Listing (56-1)
- TQM Annual ReportTranslated
go group holdings 在 Mohd Asri Facebook 的最佳解答
Pelaburan saham adalah perniagaan. Pemilihan syarikat yg betul adalah faktor penting sebelum pelaburan dilakukan. Salah membuat pilihan maka ianya menjadi 'peleburan'. Selamat Melabur!!
[TOP WARNING SIGNALS THIS COMPANY WILL SURELY GO BANKRUPT BY DR. NAZRI KHAN]
Will MAS go into bankruptcy?
Transmile, Kenmark, Megan Media, Ekran, Linear Corp, Scan Associates, Golden Plus, Dis Technology, Welli Multi and of course Renong Berhad. All are distressed public listed companies which have disappeared.
Will Malaysia Airlines join them ? Good question. Maybe and maybe not.
My sixteen years experience shows that companies rarely go into bankruptcy without some warning. The following are the BEST TOP WARNING SIGNALS which will tell us 99% they are going under. Beware & Stay Away.
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Danger Sign No. 1 : Management Scandal. Leaders keep changing.
A serious warning if top guys CEO or CFO take flight suddenly without explanation or give stupid reason such as personal commitement or personal health reason.
Danger Sign No. 2 : A History of Financial Restatements or Late Filings.
Late financial reporting and accounting restatements normally are associated with bad management integity. This was especially characteristic of companies engaging in complex accounting to sweep losses under the rugs and hide liabilities just to drive stock prices higher.
Danger Sign No. 3 : Faster Growth in Accounts Receivable With Flat Growth of Sales.
Faster growth of receivables than growth of sales. The balance sheet is full of rubbish sales with no cash to accrue. Bad companies have serious bad debts, rising receivables and credit downgrade.
Danger Sign No. 4 : Mysterious Growth In Inventories.
Unexpected bumps in inventories relative to sales. Growing inventories could signal a weak customer base, or worse, that the company use suspicious creative accounting to boost value of inventories to offset declining sales.
Danger Sign No. 5 : Mysteriously Bad Cash Flow With Strong Profits And Sales.
Cash flows is the most transparent and is extremely difficult for management to abuse. Bad cash flow normally suggest complex liquidity and smells trouble for the company. If net income is increasing at a faster clip than cash flow, beware. If earnings are rising year to year and cash flow is not, danger! Either way, something’s not right.
Danger Sign No. 6 : Frequent Change Bank Lender And Swim With Loan Sharks.
A company's relationship with its bank and any changes therein is also a useful financial signal. Reduced availability on a company credit line or a frequent change in borrowing patterns may be indicative of financial problems. Increase in loan security and unsecured loan from no-brand-lender are clear evidence of deterioration in the financial health of a business. Finally, the breaching of loan covenants or missed loan payments are clear warning signs that the company requires help.
Danger Sign No. 7 : Three Years Combo Of Sustain Operational Losses And Decline In Sales.
A sustained decline in sales, poor profit margins, losses, increased debt, a highly leveraged balance sheet and negative working capital over twelve straight quarters may be the best cancer signals of a serious financial distress.
Danger Sign No 8 : A Series Of Bad Lucks In A Row
Companies face so many highly improbabale one-time events back-to-back such as a warranty claim, the cancellation of a large order, a huge union strike, an adhoc special operational audit, a sudden uninsured fire or theft, a sudden departure of supplier or a serious change in supplier payments. A failure to explain this event may be some creative accounting management is using to cover operational losses.
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Hall Of Fame :
1. Transmile Group Berhad
Recorded a net loss of RM369.56 million and overstated its consolidated revenues by RM 530 million in 2005 after a special audit was conducted.
2. Kenmark Industrial Berhad
Fail to issue the fourth-quarter results 2010 for three months. Operations stopped while two banks demanded RM73 million. Became a PN17 company and shares tumbled 80 per cent.
3. Megan Media Holdings Berhad
Posted a mind-boggling net loss of RM1.14 billion for the fourth quarter ended April 30, 2007. Investigated by the Securities Commission, and found to have defaulted RM893.97mil in maturing banking facilities.
4. Ekran Berhad
Magnificent rise in 1990s corporate Malaysia but only to hit a peak months after it had been awarded the contract for the multi-billion ringgit Bakun hydroelectric dam project. Defaulted loan payments and was categorised as a PN1 and PN17 company for at least four years before delisted from Bursa Malaysia.
5. Linear Corp Berhad
A cooling systems company that has landed itself into a PN17 company after being investigated by Bursa Malaysia and the Securities Commission over its troubled RM1.6bil King Dome project in Manjung, Perak.
6. SCAN Associates Berhad
The board of directors lodged a police report and then dismissed CEO following an alleged misappropriation of near RM2 million funds.
7. Golden Plus Holdings Berhad
Failed to submit its audited accounts and annual report for 2007 and its quarterly report for the period ended March 2008 before being reprimanded by SC.
8. DIS Technology Holdings Berhad
Found to misstate several quarterly reports due to an alleged employee fraud worth RM80 mil reported by a major customer based in Hong Kong.
9. WELLI Multi Corp Berhad
Managing director were convicted for furnishing the Securities Commission with misleading fictitious sales information of RM141 million in its audited 2005 financial statement.
10. Renong Berhad
The deal involving United Engineers (M) Bhd’s (UEM) mysterious put option with a total cost of RM2.34bil from an unknown sellers which later expired with no settlement. The CEO later resigned from the group in October 2001 and later sues government for a sour business deal.
My dedication to all investors of these companies. Hope we learn something.
- DR. MOHD NAZRI KHAN
go group holdings 在 Michelle Phan Youtube 的最佳貼文
Excited for prom?! Here are 2 looks Promise and I created for you girls to try out! Have fun with them. Both looks we created go well with dark and light eyes.
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My contacts are Natural Colors Cristal in Ice
http://www.wrlens.com/products/25-solotica-color-contact-lenses-natural-colors-icemint-cristal.aspx
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Music by Celestial Twinz (http://smarturl.it/nh9hmh)
"Midnight Hour"
Written & Performed by Celestial Twinz
Published by Karma Edge Music (Holdings) Ltd
Courtesy of Shift Music Group
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Promise used Lancome's new 5 Pan Palette in Amethyst Glam
http://bit.ly/fSY65U
I used Teal Fury
http://bit.ly/eJ5UoD
On my lips, I used Lancome's new L'ABsolu Nu sheer lipsticks in Coral Sand.
On Promise's lips? I'm not sure, I'll ask her when I get home tonight. You can ask her on her channel!
This is a non sponsored video. Makeup provided by Lancome.
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